The India-based bank has been in the spotlight over its links to the Gupta family, which has been implicated in an influence-peddling scandal surrounding South Africa's former President Jacob Zuma,
Jacob Zuma, who stepped down as president last month, faces 16 charges including fraud, racketeering and money laundering. He denies any wrongdoing.
Former South African president Jacob Zuma goes on trial on Friday for alleged corruption and fraud in a large government arms deal in the late 1990s, charges denied by the 75-year-old who was ousted by his party in February.
South Africa's chief prosecutor Shaun Abrahams announced that former president Jacob Zuma will be prosecuted in connection with a 1990s arms deal.
White South Africans still own almost two-thirds of the country's land. But President Cyril Ramaphosa's government hopes to transfer 30 percent of the land back to black owners by 2030 in a fast redistribution process.
Nhlanhla Nene returns to the post two years after his sacking from the same role began the ruling party revolt in South Africa that eventually ousted former leader Jacob Zuma.
It is an arms deal scandal that has come back to haunt South Africa's former president Jacob Zuma more than a decade later, and barely a month after he was forced to quit as president.
In an ambitious and wide-ranging first state of the nation address, Ramaphosa vowed to revive South Africa's stagnant economy, tackle the country's dire unemployment rate and control spiralling government debt.
Following the tumultuous 9-year rule of Jacob Zuma, the South African parliament elected his former deputy, Cyril Ramaphosa to be the country's president.
In an address to the nation late on Wednesday South Africa's President Jacob Zuma announced his resignation 'with immediate effect.'
Barely an hour after South Africa's ruling ANC announced they would back an opposition-led no confidence vote in parliament, the country's embattled president told the nation that he did not understand why there was such a rush to get rid of him.
South Africa's President Jacob Zuma has long been linked with the Gupta brothers. But who are these brothers that have allegedly wielded corrupt influence over the country's president?
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